We look forward to seeing you at COP29!

Join the conversations taking place during the second week of COP29 in Baku, Azerbaijan, to keep learning how the World Bank Group and the Partnership for Market Implementation (PMI) work to accelerate climate action through carbon pricing and carbon markets across countries and regions.  

We are excited to share with you three new PMI reports and the events where you can find the World Bank Group at COP29. All events are shown in local time, Baku, Azerbaijan.

Navigating Decisions on Carbon Markets

This high-level guidance document offers structured questions to guide the development of a host country’s carbon market strategy, and a clear entry point to the most relevant tools and resources provided by Technical Assistance partners for countries to engage in carbon markets. It has been co-developed with the Article 6 Implementation Partnership (A6IP), the Global Green Growth Institute (GGGI), the Integrity Council for the Voluntary Carbon Market (ICVCM), the United Nations Development Program (UNDP), and the Voluntary Carbon Markets Integrity Initiative (VCMI). Read More.

A Roadmap for Safe, Efficient, and Interoperable Carbon Markets Infrastructure

To scale effectively, carbon markets need safe, efficient, and interoperable infrastructure. This roadmap outlines the bottlenecks and priority action areas identified by the Carbon Market Infrastructure Working Group (CMI WG). This includes clarifying ecosystem governance, documenting current standards and market practices for capturing related information security and transaction integrity measures, and enhancing data and systems interoperability.  Read More.

Just Released!

Letter of Authorization and Acknowledgement

This Climate Warehouse approach paper presents a template Letter of Authorization and Acknowledgement and a guidance manual for its use. This Letter of Authorization provides a common template to be used with schedules that may be specified by each Member Country. It includes a draft schedule of terms that is most likely to maximize investment and value for the Member Country in the Guidance Document. Read More.

Carbon Pricing & Markets Events with World Bank Senior Management

Event: The Global Carbon Pricing Challenge and climate ambition.

Description: This high-level discussion will bring together senior officials from new and existing GCPC Partners and Friends as well as from a diverse range of countries interested in carbon pricing. High-level representatives will discuss the role that carbon pricing can play in developing economies and how the GCPC is supporting emerging carbon pricing policies.

Date/Time: Monday, November 18, @9:00 – 10:00.

Moderator: Jennifer Sara, Global Director for Climate Change, World Bank.  

Speakers: Catherine Stewart, Canada’s Ambassador for Climate Change.

Ed Miliband, Secretary of State for Energy Security and Net Zero, UK.

Robert Habeck, Federal Minister for Economic Affairs and Climate Action, Germany.

Nkiruka Maduekwe, Director General of the National Council on Climate Change, Nigeria.

Kurt Vandenberge, Director-General, DG CLIMA, European Commission.

Mansur Oshurbayev, Vice-Minister of Ecology and Natural Resources, Kazakhstan.

Mary Burce Warlick, Deputy Executive Director, International Energy Agency.

Event: Japan A6IP High-level event: For the Enhancement of Implementation of Article 6 through Synergy and Optimization of Capacity-Building and Private Investment.

Date/Time: Monday, November 18, @ 15:45 – 17:00.

Venue: Japan Pavilion.

Moderator: Yuka Okajima, Section Chief, Office of International Carbon Market, Global Environmental Department, Ministry of the Environment, Japan.  

Speakers: Kazuhisa Koakutsu, Director, A6IP.

Simon Stiell, Executive Secretary, UNFCCC Secretariat.

Jennifer Sara, Global Director for Climate Change, World Bank.

Gareth Phillips, Manager on Climate and Environment Finance, African Development Bank.

Mark Kenber, Executive Director, VCMI.

Find the PMI Team at these Events

Event: Bangladesh’s Journey in Article 6: Pioneering Carbon Market Opportunities.

Description: The side event will provide a comprehensive overview of ongoing Article 6 activities in South Asian countries, highlighting their progress and preparedness to engage in cooperative approaches.

Date/Time: Saturday, November 16, @10:30 –12:30

Venue: Bangladesh Pavilion.

Speakers: Mirza Shawkat Ali, Director, Department of Environment, Bangladesh.

Harun-Or-Rashid, Deputy Director, Department of Environment, Bangladesh.

Alamgir Morshed, Executive Director & CEO, IDCOL.

Enamul Karim Pavel, Head of Renewable Energy, IDCOL.

Chandra Shekhar Sinha, Global Lead for Carbon Markets and Finance, World Bank.

Event: Coordinated Access to Net Zero Development Financing through Paris Aligned Carbon Markets.  



Description: This event will showcase vital work to support the implementation of Paris aligned international carbon markets. It will showcase partnerships and projects from around the world that are helping countries assess and access carbon finance opportunities, promoting knowledge exchange.

Date/Time: Saturday, November 16, @13:15 – 14:15.

Venue: Pakistan Pavilion.

Moderator: Mark Kenber, Executive Director, VCMI.

Speakers: H.E. Elizabeth Thompson, Ambassador Extraordinary & Plenipotentiary Climate Change, Small Island States SIDS & Law of the Sea, Barbados, CVF-V20 Presidency Sherpa.

Romina Khurshid Alam, Coordinator to PM on Climate Change at Ministry of Climate Change and Environmental Coordination, Pakistan.

Adidjatou Hassan, President of Benin Carbon Project Registration Authority, Benin.

Sonam Tashi, Director, Department of Environment and Climate Change, Bhutan.

Berioska Quispe, Director General, Climate Change and Desertification, Peru.

Chandra Shekhar Sinha, Global Lead for Carbon Markets and Finance, World Bank.

Mary Grady, ED-ACR Environmental Resources Trust/COMSATS.

H.E. Mohamed Nasheed, Secretary-General, CVF-V20 Secretariat, former President of Maldives.

Event: Are Carbon Credits Key to Net Zero? 



Description: As carbon credits continue to face scrutiny, we will examine their impact and value in supporting corporate and national net-zero commitments, guided by frameworks from SBTi and VCMI. The panel will delve into the implications of the ICVCM's role and how carbon credits can effectively drive climate action, especially in regions with urgent climate adaptation needs.

Date/Time: Saturday, November 16, @16:45 – 18:15.

Discussants: Chandra Shekhar Sinha, Global Lead for Carbon Markets and Finance, World Bank.

Event: Interactions between carbon pricing, competitiveness and international cooperation – How to level the playing field.

Description: The session will discuss how to advance the development and implementation of carbon pricing systems globally, with the aim of fostering international cooperation to move closer to a level playing field and will explore whether and how the Carbon Border Adjustment Mechanism (CBAM) and similar instruments promote the uptake of mitigation solutions in global energy-intensive industries.

Date/Time: Monday, November 18, @10:00 – 11:30

Venue: Germany Pavilion.

Moderator: Holger Lösch, Deputy Director General, Federation of German Industries (BDI).

Keynote: Stefan Wenzel, Parliamentary State Secretary to the German Federal Minister for Economic Affairs and Climate Action, BMWK.

Scene setting: Stefano De Clara, Head of Secretariat, International Carbon Action Partnership (ICAP)

Panel: Andrew Wilson, Deputy Secretary General, Policy, International Chamber of Commerce.

Hari Gadde, Senior Climate Change Specialist, World Bank.

Dirk Weinreich, Head of Division of Climate Legislation and Emissions Trading, BMWK.

Tuğba Dinçbaş, Deputy Director, Directorate of Climate Change, Türkiye.

Event: Unlocking Article 6: Barriers and Opportunities for Host Country Participation in Article 6 Carbon Markets

Description: This panel will focus on the differing barriers and challenges that host countries are facing in engaging in Article 6 - including the drafting and implementation of carbon markets regulation and the identification and authorisation of projects. Panelists will discuss the capacity building initiatives and solutions that are being implemented to overcome key barriers and accelerate the development of a robust supply-side of the Article 6 carbon market.

Date/Time: Wednesday, November 20, @10:00 – 11:00.

Venue: CACE Pavilion.

Discussants: Sebastien Cross, BeZero.

Alexandra Soezer, Climate Action Centre for Excellence (CACE).

Pierre Guigon, Senior Climate Finance Specialist, World Bank.

Representatives from Morocco and Malawi.

Event: Implementation and operation of voluntary carbon markets in the European context.

Description: The credibility and transparency of VCMs have been frequently questioned, raising doubts about their effectiveness in mitigating climate change. Recent initiatives like the Regulation on Carbon Removals and Carbon Farming (CRCF) from the European Union, the PMI by the World Bank, and the Integrity Council for Voluntary Carbon Markets (ICVCM) aim to create transparent and credible markets. These initiatives are crucial for ensuring the additionality of carbon projects and credits. The success of these efforts relies on collaboration and experience-sharing among various VCMs. This session seeks to facilitate this exchange, discussing best practices and emerging trends, while focusing on how European markets can evolve to effectively tackle global climate challenges.

Date/Time: Wednesday, November 20, @15:30 – 16:15.

Venue: Portugal Pavilion.

Discussants: Pierre Guigon, Senior Climate Finance Specialist, World Bank.

Event: Domestic Markets and Article 6 Implementation.

Date/Time: Wednesday, November 20, @16:30 – 18:30.

Venue: Korea Pavilion.

Speaker: Sandhya Srinivasan, Senior Climate Change Specialist, World Bank.

Additional Sessions on Carbon Markets to Take Place at the World Bank Group Pavilion include:

Event: Indigenous Peoples Serve Carbon Markets — But Can Carbon Markets Serve Indigenous Peoples?

Date/Time: Thursday, November 21, @ 09:00 – 09:45.

Venue: World Bank Group Pavilion.

For more information about the World Bank Group at COP29, click here. 

Road to COP29 – Key Takeaways from Innovate4Climate 2024

World Bank's Manager for Climate Finance and Economics, Hania Dawood shares interesting insights on the World Bank’s flagship Innovate4Climate conference, which held from September 10-12, at the Estrel Congress Center in Berlin, Germany.

The Partnership for Market Implementation (PMI) Facility supports countries in their efforts to accelerate global decarbonization aligned with their development priorities; with a two-fold objective (i) assisting client countries to design, pilot, and implement carbon pricing instruments and (ii) catalyzing the development of the next generation of carbon markets.  

Launched in 2021 as a 10-year program, the PMI provides technical assistance to over 30 countries to create the enabling environment and increase countries’ readiness for decision-making and implementation of carbon pricing policies, as well as building capacity to access carbon markets. The PMI is uniquely positioned to deliver in-country capacity development, as well as supporting the global carbon market architecture through strategic advice on carbon market strategies, institutional strengthening, policy design, and infrastructure development.  

PMI is supported by 11 donors: Australia, Canada, the European Commission, Finland, Germany, Japan, Norway, Spain, Sweden, Switzerland, and the United Kingdom. The PMI has partnered with several organizations to leverage and maximize its impact, bring technical expertise, and enhance its role as a knowledge sharing platform. Knowledge partners include global organizations such as the UN Climate Change Secretariat and the International Emissions Trading Association (IETA), as well as national institutions such as Singapore's National Climate Change Secretariat and Québec’s Ministry of the Environment and the Fight against Climate Change. The PMI is implemented in collaboration with World Bank Group regions, country management units, and global practices to leverage and support operations.

Partnership for Market Implementation (PMI), World Bank

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